Jacobs Engineering Group (NYSE:JEC) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday, Analyst Ratings.Net reports. The analysts noted that the move was a valuation call.
Shares of Jacobs Engineering Group (NYSE:JEC) opened at 62.33 on Monday. Jacobs Engineering Group has a 52 week low of $38.28 and a 52 week high of $62.33. The stock’s 50-day moving average is currently $57.22. The company has a market cap of $8.153 billion and a P/E ratio of 19.36.
Jacobs Engineering Group (NYSE:JEC) last released its earnings data on Monday, July 29th. The company reported $0.83 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.85 by $0.02. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.98 billion. Analysts expect that Jacobs Engineering Group will post $3.27 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on JEC. Analysts at Stifel Nicolaus raised their price target on shares of Jacobs Engineering Group from $59.00 to $65.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at ING Group downgraded shares of Jacobs Engineering Group from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, July 31st. They now have a $63.00 price target on the stock, up previously from $58.00. Finally, analysts at FBR & Co. downgraded shares of Jacobs Engineering Group from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, July 31st.
Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $57.43.
Jacobs Engineering Group Inc is a technical professional services firm. The Company provides a diverse range of technical, professional, and construction services to a number of industrial, commercial, and governmental clients.